Over 100 tech startups valued at $1 billion with private funding, known as “unicorns,” could reportedly go public this year.
The prediction was made by UBS, a Swiss investment bank, which noted that conditions would need to “stay favorable.”
“The deciding factor will be whether these companies actually live up to expectations, which won’t be determined on the first trading day,” UBS explained. “As a result, we believe this year in IPOs is more likely to be a slow burn than a hot market.”
Business Insider reported that, “Citing figures from CB Insights, UBS said there are 162 companies in the US that qualify as unicorns, while there a further 171 internationally. Together, the 333 firms have a combined valuation of more than $1 trillion.”
Following Lyft’s recent IPO, other unicorns expected to go public in the near future include Pinterest and Slack.
You can read the full report at Business Insider.